GOLD 1H SELL Setup- XAUUSD 1H Regular BEARISH Divergence with OBV indicator ===> BEARISH BREAKOUT
- HEAD & SHOULDERS PATTERN forms in UP TREND ===> Possible TREND REVERSAL
Bearishdivergence
GOLD 1H possible sell opportunityXAUUSD 1H Regular Bearish Divergence with OBV indicator
===>> Possible Bearish breakout
CRUDE OIL 1H Possible Sell opportunityRegular Bearish Divergence with OBV indicator
===>> Possible Bearish Breakout
History is a guide, NKE needs to dropFrom Nike's history we see that almost all gaps get filled on this stock. Three randomly chosen shaded horizontal rectangles represent three gaps (there are many more) that all got filled eventually. Recently price action has been "sloppy" with wide gaps being made which will surely be filled sooner or later, there is also one at 84.83 which I have labeled which never got filled. Further we see that a recent Cup and Handle that has formed has almost reached it's target price in the low 98s and I will probably be shorting there unless there is strong volume supporting any move higher. Last but not least from the angled trend lines we see relatively string divergence indicating that institutional investors are more likely than not disposing of the stock. Earnings on Dec. 19th will be interesting. Please leave any comments or ask questions.
Small-Caps May Be Set For Pull BackThe iShares S&P Small-Cap ETF has been in a bearish wedge pattern on its daily chart since early October. The price is once again testing the resistance line. The price is near an overbought condition while generating a bearish divergence on the RSI indicator.
I am targeting the support line of this wedge pattern first. If the price is able to break down through that support line then I will look at the $80.30 price level noted on the chart.
INFOSYS Looks Weak on Hourly ChartOne can sell INFY if it crosses below 709.60 for TGT1: 698, TGT2: 688 with SL: 720 also RSI Looks weak because there is Bearish Divergence
Home Depot Bearish Divergence Playing OutHD weekly chart had a bearish RSI divergence. The stock started breaking down on November 18th & has broken down through the support trendline this week as it nears the first potential pullback level.
There is a lot of call activity in this name today in the January 3, 2020, $230 calls.
AUDCHF Sell IdeaW1 - Bearish hidden divergence, RSI trend line breakout
D1 - Uptrend line breakout, last divergence was bearish regular.
H4 - Bearish divergence, most recent trend line breakout, also the previous swing low was broken creating lower lows.
We may now look for pullbacks and sells with more bearish evidences.
GBPCHF Sell IdeaW1 - Bearish hidden divergence.
D1 - Strong resistance zone holding, bearish divergence.
H4 - Bearish convergence, trend line breakout, currently it looks like a pullback is happening, we may now look for sells with bearish evidences.
eichermotGave bearish divergence at major resistance
tweezer top
sell below 22756
sl 23520
tgt 21670
S&P500 Divergence (A Setup)On weekly timeframe, bearish Divergence formed.
However trend is still very bullish.
Thus will be waiting for a close back into the channel to trigger short,
Or to draw a new channel on a 1 or 4Hr timeframe to short upon breaking of trendline.
Might take 4-5 months to playout
A grade setup as it is on a weekly timeframe.
Clear and concise divergence
GBPAUD Sell IdeaW1 - Price reached the top of the channel.
D1 - Price reached an important resistance zone formed by the fibonacci levels of the waves we have and the top of the W1 channel, bearish divergence.
H4 - Bearish divergence, until the critical zone holds we may look for bearish setups with more bearish evidences in order to join the bears.
Silver Sell IdeaD1 - Price is moving inside a bearish channel, currently price is at the middle of this channel after bouncing from the top
H4 - Price has reached an important resistance zone zone formed by the 38.2% fibonacci retracement level, 100% fibonacci expansion level of the wave we have and the top of the H4 bearish flag pattern, bearish divergence.
We may now look for more evidences of bearish pressure in order to start looking for the sells.
USDJPY Sell IdeaW1 - Bearish hidden divergence.
D1 - Price reached an important resistance zone formed by the fibonacci expansion levels of the three waves we have and is currently moving lower. Bearish divergence.
H4 - Bearish convergence, currently it looks like a pullback is happening, we may now look for more evidences of bearish pressure in order to start looking for the sells.
TESLA Class A Bearish DivergenceGood evening ladies and gentlemen, Tesla has gapped up and is currently sitting at critical resistance with Strong Class A bearish Divergence. I believe this is a small range where one would take a short in. I have my stop placed slightly above it. But in order to maintain a safe 1:3 risk/reward ratio, I am aiming for the 50% and 61.8% as my exit targets which also happens to coincide perfectly with a gap to be filled at the 50% retrace.
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LYB Daily Bearish Divergence at Critical ResistanceGood morning ladies and gents, LYB is showing Daily MacD Bearish Divergence at a critical area of resistance inside of two converging trend lines. It is a Rising wedge, although the best wedges are the ones with at least 5 touch points. Either way, it's still a range between two converging trend lines.
Entry Target for the Short is at $96-$96.50
Exit Targets are inside the pink box. 50%/61.8% retraces being the best targets for a wedge measured move.
Join our Free Telegram Channel: t.me
We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019.
Subscription options are $15 a week, $50 a month or $500 a year. These are extremely cheap options compared to most other premium groups! We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups."
50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else.
